What is the ruling on purchasing savings certificates with variable returns from Faisal Islamic Bank of Egypt, given the details on the bank's website?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
We have no knowledge of the investment methods at Faisal Islamic Bank. For an investment to be permissible (), the conditions for lawful investment must be known. These include that the contract specifies the profit percentage, such as 5% or 10%, of the profits, not of the capital. If the Shariah-compliant conditions are met in this contract, then there is no harm in entering into it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17700
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 17700
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy